The future for French Prime Minister Michel Barnier's government looks bleak, with his struggles to push the 2025 budget through a polarised parliament increasingly likely to end in the toppling of his fragile coalition.

French MPs have spent weeks debating the Barnier government’s hastily prepared budget, which includes €40 billion in spending cuts and €20 billion in tax hikes. The bill aims to reduce the French budget deficit, which is projected to hit 6.1 percent of gross domestic product in 2024.

A commission of Senators and members of the National Assembly have hashed out a compromise 2025 budget that, if passed by the both full assemblies, could avoid the government having to force the bill through without a vote.

France's unpopular government is ready to make concessions over next year's budget, Finance Minister Antoine Armand said on Thursday, amid growing concerns that opposition to the bill could topple Prime Minister Michel Barnier's administration.

“This is a very serious moment,” Barnier said in an interview with French broadcaster TF1. PARIS — French Prime Minister Michel Barnier said Tuesday that France could face fiscal calamity should lawmakers decide to topple his government over a budget dispute.

French Prime Minister Michel Barnier's government is under threat as the 2025 budget remains stalled in a divisive parliament. A no-confidence motion could topple the coalition by Christmas. Barnier's survival might depend on softening spending cuts,

Some 53% of French people want Prime Minister Michel Barnier's government to fall due to anger over his proposed budget, according to an Ifop-Fiducial poll for Sud Radio published on Thursday. The poll indicated that 67% opposed Barnier's budget,

The French government is ready to offer concessions to parliament to get through its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

French stocks and bonds came under fire on Wednesday, driving the premium the government pays for long-term borrowing to its highest since the euro zone debt crisis of 2012, as investors grew uneasy over the fate of the new government and its budget.